Kuzey Boru Anonim Sirketi Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,288	3,955	2,954	1,479	226.42	106.45
Revenue Growth (YoY)	-40.39%	33.86%	99.72%	553.35%	112.69%	-
Cost of Revenue	2,605	3,168	2,036	1,141	177.59	76.03
Gross Profit	682.27	787.02	918.25	338.54	48.83	30.42
Selling, General & Admin	471.83	428.38	270.57	125.93	30.29	19.24
Research & Development	29.97	10.27	-	-	-	-
Other Operating Expenses	36.99	49.03	9.38	4.78	2.37	1.4
Operating Expenses	538.79	487.69	279.95	130.72	32.66	20.64
Operating Income	143.48	299.33	638.3	207.83	16.17	9.79
Interest Expense	-152.72	-73.86	-134.6	-63.91	-10.18	-3.81
Interest & Investment Income	30.29	245.69	25.52	1.04	0.08	0.11
Currency Exchange Gain (Loss)	-244.77	-82.39	-35.91	-4.84	-1.73	-2.27
Other Non Operating Income (Expenses)	813.47	117.44	-197.74	57.12	-1.26	-0.64
EBT Excluding Unusual Items	589.76	506.21	295.57	197.24	3.07	3.17
Gain (Loss) on Sale of Investments	-	-	-0.24	-	-	-
Legal Settlements	0.38	-3.05	-5.07	-0.28	-	-
Pretax Income	590.15	503.16	290.26	196.96	3.07	3.17
Income Tax Expense	-133.68	-145.26	-26.25	-5.04	-2.68	0.71
Net Income	723.83	648.42	316.51	202	5.76	2.46
Net Income to Common	723.83	648.42	316.51	202	5.76	2.46
Net Income Growth	7.82%	104.87%	56.69%	3409.01%	134.16%	-
Shares Outstanding (Basic)	600	600	480	360	360	96
Shares Outstanding (Diluted)	600	600	480	360	360	96
Shares Change (YoY)	5.26%	25.00%	33.33%	-	275.00%	-
EPS (Basic)	1.21	1.08	0.66	0.56	0.02	0.03
EPS (Diluted)	1.21	1.08	0.66	0.56	0.02	0.03
EPS Growth	2.43%	63.89%	17.52%	3409.18%	-37.56%	-
Free Cash Flow	-1,567	-987.6	-194.02	-157.98	-51.56	-11.64
Free Cash Flow Per Share	-2.61	-1.65	-0.40	-0.44	-0.14	-0.12
Dividend Per Share	-	-	0.088	-	-	-
Gross Margin	20.75%	19.90%	31.08%	22.88%	21.56%	28.58%
Operating Margin	4.36%	7.57%	21.61%	14.05%	7.14%	9.19%
Profit Margin	22.02%	16.40%	10.71%	13.66%	2.54%	2.31%
Free Cash Flow Margin	-47.66%	-24.97%	-6.57%	-10.68%	-22.77%	-10.93%
EBITDA	315.28	404.07	695.5	240.78	20.76	12.48
EBITDA Margin	9.59%	10.22%	23.54%	16.28%	9.17%	11.72%
D&A For EBITDA	171.79	104.73	57.2	32.95	4.59	2.69
EBIT	143.48	299.33	638.3	207.83	16.17	9.79
EBIT Margin	4.36%	7.57%	21.61%	14.05%	7.14%	9.19%
Effective Tax Rate	-	-	-	-	-	22.33%
Advertising Expenses	-	0.61	-	4.9	1.59	1.19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.